Real-world conversations about personal financial topics. Inspired by the fact that financial planning, investing, insurance, retirement, buying a house, having a child, work benefits, or any other situation that involves your money are all scary topics. This podcast aims to demystify those topics.
In retirement, healthcare costs can quickly become one of the biggest risks to your nest egg, making it essential to stay informed about changes in Medicare and review your plan annually. As Medicare introduces key changes for 2025, understanding these updates is crucial for making well-informed decisions that protect both your health and financial future. In this episode, we dive into three essential updates to Medicare that will help you navigate these shifts and ensure your coverage aligns with your needs and budget. Key Topics Covered: Change #1: Updates to Prescription Drug Coverage (Part D), including the elimination of the "Donut Hole." Change #2: Adjustments to Medicare Premiums and Deductibles, with potential impacts for higher-income earners. Change #3: Expanded benefits and options in Medicare Advantage Plans for 2025. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600. #retirementplanning #retirement #medicare #openenrollment
Planning to retire before 65? Health insurance is likely one of your biggest concerns as you bridge the gap before Medicare kicks in. In this episode of Financial Breakaway, I dive into the essential strategies for managing healthcare costs during those early retirement years. From understanding COBRA and Marketplace insurance options to minimizing taxable income for maximum subsidies, I'll cover it all. Topics include: 1. Health insurance options before Medicare 2. Navigating the Health Insurance Marketplace 3. Tax strategies to qualify for healthcare subsidies 4. Managing income and withdrawals to keep costs low 5. Utilizing HSAs and other tools to optimize your healthcare spending Tune in to learn how to create a solid health insurance plan that keeps you covered and financially prepared as you transition into retirement before age 65. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600. #retirementplanning #retirement #medicare
Healthcare in retirement is deeply personal. After all, it's not just about managing costs; it's about ensuring you can enjoy the quality of life you've worked so hard to build. While money and investments are often front of mind, securing the right healthcare plan is just as critical for living well in retirement. And yes, the reality is—it's going to be expensive. In today's episode of Financial Breakaway, I'm covering the 7 essential steps to navigating your retirement healthcare. From understanding Medicare basics to choosing the right supplemental coverage and preparing for long-term care, this episode will equip you with the knowledge you need to protect your health and financial well-being in retirement. Topics Covered: Medicare Parts A, B, C, and D Enrollment periods Working and Medicare Medicare costs IRMAA Medigap Plans: Supplement vs. Advantage Long-term care planning Ensure your retirement healthcare plan is solid—tune in now! Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Imagine a retirement filled with beach strolls and golf course mornings. But lurking in the backdrop is an often underestimated challenge: Taxes! This uninvited guest can cast a shadow over your financial dreams, but you're not alone. On today's episode of "Financial Breakaway," we're turning tax confusion into tax mastery. We'll skip the dry numbers and dive into actionable strategies to help you keep more of your hard-earned savings. You'll learn how to dance around tax pitfalls with ease and ensure your retirement is as golden as you've envisioned. Topics Discussed: Understanding Retirement Income Sources & Its Tax Implications: Dive into the differences between tax-deferred and tax-free accounts, and see how your pensions, annuities, and investments interact with your tax bill. Cory & Claire's RMD Cliffhanger: Discover how to handle Required Minimum Distributions without tipping your income into a higher tax bracket. Mike & Mary's State Swap Strategy: Learn how moving states could significantly reduce your tax obligations on Social Security and more. Dave & Dawn's Deduction Dive: Explore advanced deduction strategies to maximize your returns and minimize your taxable income. Every scenario and strategy is tailored to empower you with the knowledge to navigate the taxing waters of retirement confidently. Let's get into it. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
We currently find ourselves amid a presidential election year (whether we like it or not), and political headlines already dominate the news, sparking questions and concerns about how election outcomes might impact retirement and investment plans. As a Financial Planner, I often get clients coming to me and asking how the elections may affect their portfolios or retirement savings. And it's safe to say I've heard all the theories, and I mean all the theories, about who's better or who's worse for the markets. It's a crazy time for everyone, but it's crucial to approach these times with clarity and confidence. In this episode, I want to focus on the facts instead of getting caught up in political debates. I want to help retirees and soon-to-be retirees navigate these turbulent times and stay on a steady path toward their financial goals. So, let's dive in. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In this episode, I talk with Economist Bryce Gill of First Trust Portfolios on pivotal market trends of 2023 and look ahead to what 2024 holds for investors. Tune in for a rich discussion on the stock and bond markets, recession risks, and the intricate relationship between the markets and the economy. Topics discussed: Insights into 2023's stock market, featuring the 'Magnificent 7' stocks Market outlook for 2024 Analyzing the potential risks of recession Deciphering the differences between market trends and economic health Understanding the volatile nature of the bond market and interest rates The delicate balance of the housing market Insights into the plunge into Money Market Funds Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Join me on this episode of the Financial Breakaway Podcast as we dive deep into "Social Security Essentials: 3 Must-Know Topics for Effective Retirement Planning." As you near retirement, it's crucial to understand the intricacies of Social Security and how it fits into your overall financial plan. I'll guide you through the complexities and strategies to make the most of your Social Security benefits. In this episode, we'll cover: •
Join me as I help unlock the secrets of the "Bucket Approach" to retirement planning. After decades of diligent savings, are you prepared to transition from the accumulation phase of your life to the distribution phase? This episode sheds light on the challenges retirees face and offers a structured solution to ensure your investments serve you effectively throughout your golden years. Dive into: •
Join me in this episode as I unravel the mystery behind retirement planning by addressing the fundamental question: "How much do I need to retire?" I dive into the complexities of retirement income planning and offer a unique perspective on determining your retirement needs. By examining the three distinct stages of retirement—Go-Go, Slow-Go, and No-Go—I provide a framework for understanding the changing financial demands of each phase. Gain valuable insights on how to align your financial resources with your evolving lifestyle goals, ensuring a fulfilling and secure retirement. Get ready to navigate the path to financial freedom and unlock the key to retirement success. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In today's special pre-launch episode, I have some thrilling news! "The Financial Breakaway Podcast" is relaunching with a fresh focus: "Your Clear Path to Retirement." Since its humble beginnings in 2019, this podcast has grown immensely, achieving 30 episodes and garnering thousands of downloads. Your valuable feedback, combined with my passion for financial planning, has inspired a refined vision for the podcast. The content will now prioritize empowering individuals like you with the knowledge and tools to make confident decisions for a secure retirement. In addition to the usual audio content, the podcast will now be available in video format on YouTube as well. As we embark on this renewed journey, I'm eager to continue exploring pertinent retirement topics and connecting with insightful guests. Stay tuned for the next chapter and the official relaunch! Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
00:45 - Intro 01:45 - Observation 1: Inflation hurts retirees more 2:20 – Sidetrack: What is Inflation? 05:30 - What can we learn: Find your own “Personal Inflation Rate” 08:31 - Observation 2: Social Security COLA adjustment isn't as advertised 10:45 - What can we learn: How to figure out what your NET Social Security COLA really is 13:52 - Observation 3: The biggest risk for retirees is happening to people for the first time in a long time 17:00 - What can we learn: Strategies to protect against this risk Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
2022 has been a tough year all around. So in this episode, I'm breaking down three observations I've seen so far in 2022 for mid-career individuals and what we can learn from those observations. I try to explore these observations and lessons learned through a financial planning lens for the everyday person. 01:00 - Intro 02:20 - Observation 1: Traditional backup savings plans don't cut it 03:25 - What can we learn: How to create a good backup plan AND a backup, backup plan 05:22 - Observation 2: Not diversified enough in your investments 06:40 - What can we learn: How earmarking accounts and addressing risk according to that account can help 08:00 - Observation 3: Seeing an opportunity to be opportunistic 08:50 - What can we learn: Strategies to take advantage of down markets to better your long term financial plan Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
2022 has been a tough year all around for people. Headwinds such as the lingering effects of COVID-19, rising interest rates, rising inflation, rising commodity prices, the Russia/Ukraine War, falling stock and bond market, and then an economy that seems to be having a hangover in general. It has been a lot. With all this going on, it has been hard to conceptualize how it all works together and how it affects you financially (you as an everyday person). In this episode, I'm breaking down three observations I've seen in the investment markets and following that up with what we can learn from those observations. I try to explore these observations and lessons learned through a greater financial planning lens for the everyday person. 01:00 - Intro 02:55 - Observation 1: Equity markets have had their worst start in 50 years 03:40 - What can we learn: Let's let history be our guide (look at the SP500 from 1942-until today…80 years) 05:12 - Observation 2: The Bond market has been crushed & this is actually a bigger deal 07:33 - What can we learn: Definitely should've been looking at your bond holdings but if you haven't, there's still time 08:30 - Observation 3: Volatility 09:12 - What can we learn: In the last 20-plus years, 21 of the 25 worst trading days were followed within a month by one of the best 25 trading days Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Conversation between Ryan Hitchcock, Financial Planner at Hight Point Capital Group, and Bryce Gill, Economist at First Trust: 02:45 - Intro on Inflation & Market 04:45 - Great Moderation or Globalization Long-term inflation outlook Supply chain War in Europe 12:50 - Fed and interest rates 14:45 - The Monetary Tailwind is Ebbing M2 Money Supply Stagflation 18:30 - YOU SHOULD LISTEN TO THIS PART! 24:30 - A Recession Unlike Any Other 30:20 - Services Can Keep US Out of Recession: 39:30 - Housing Market on Economy 39:30 Wealth Effect Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Investing in the New Normal Series -- COVID-related shutdowns distorted the economy vs where it was before COVID and we are still trying to adapt to this world. The question now is; how do we, as investors trying to save for our future, navigate and invest in it? Let's learn from real people living and working in this "new normal" to help provide a unique perspective on what's going on. Early on in the COVID crisis gyms and fitness facilities were closing at higher rates than almost any other industry, including bars and restaurants. Thus came the boom of the at-home fitness industry, which some were saying would be the end of future in-person gyms. Fast forward two years, in-person gyms have re-opened, but at what rate? How have they changed? How is the industry accommodating for both at-home and in-person; and is it a zero-sum game? Mike Wojciechowski & Jamie Eischen, owners of Brew Fitness Shorewood come on the episode and help answer those questions. Mike and Jamie share their inspiring story of going out on their own and opening an in-person gym in the midst of a pandemic, and in the face of naysayers. Their gym aims to focus on community as much as they do fitness offering structured strength classes that include power lifting, high-intensity interval training, strength circuits, and yoga. Full of valuable information. Enjoy! --- For more information: - Ryan Hitchcock: www.rhitch.com - Brew Fitness Shorewood: https://www.facebook.com/brewfitnessshorewood - Jamie Eischen: https://www.facebook.com/jamie.eischen - Mike Wojciechowski: https://www.facebook.com/mike.wojciechowskiotf Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Investing in the New Normal Series -- COVID-related shutdowns distorted the economy vs where it was before COVID and we are still trying to adapt to this world. The question now is; how do we, as investors trying to save for our future, navigate and invest in it? Let's learn from real people living and working in this "new normal" to help provide a unique perspective on what's going on. People are spending more time listening to podcasts, more and more podcasts are being produced, and because of this; more and more money is being spent on podcasts. Therefore, podcasts are a big business. Did COVID have anything to do with this growth? How are podcasts affecting the marketing industry? Marketing creates sales, and sales fuel the economy; are podcasts helping in this new world we find ourselves in? Richie Burke is an expert in marketing and podcasts so in this episode, he helps answer these questions. Richie hosts a top podcast, the GoGedders Podcast, which has had hundreds of thousands of downloads in only a few short years. He also runs a successful marketing agency, GoGeddit Marketing and Media, which does podcast production, digital advertising, marketing automation, web design, and brand strategy. An amazing background and an episode full of valuable information. Enjoy! --- For more information: - Ryan Hitchcock: www.rhitch.com - Richie Burke - GoGeddit Marketing and Media: https://ggmm.io/ - The GoGedders Podcast: https://ggmm.io/the-gogedders-podcast/ Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Investing in the New Normal Series -- COVID-related shutdowns distorted the economy vs where it was before COVID and we are still trying to adapt to this world. The question now is; how do we, as investors trying to save for our future, navigate and invest in it? Let's learn from real people living and working in this "new normal" to help provide a unique perspective on what's going on. The Great Resignation is a term coined in the new normal world referring to the phenomenon of a large volume of professionals leaving their jobs across the globe. They left for many different reasons: better opportunities, retiring early, not putting up with work conditions accepted pre-pandemic, and many have opted to go into business for themselves. Greg Copeland did just that. He left a six-figure cooperate job to buy a private, for-profit, hockey rink. Here his great story on why and how he did this. Enjoy! --- For more information: - Ryan Hitchcock: www.rhitch.com - The Ponds of Brookfield: https://www.thepondsofbrookfield.com/ Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In this introductory episode of Investing in the New Normal Series, I talk about what this New Normal is and how we as a world got here. COVID-related shutdowns distorted the economy vs where it was before COVID and we are still trying to adapt to this world. The question now is; how do we, as investors trying to save for our future, navigate and invest in it? --- For more information: - Ryan Hitchcock: www.rhitch.com Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In this special Thematic Investing Series episode, we go beyond buzzwords in the media with my guests, Mark Schwartz and Nick Cucci. Mark advises early-stage startups and co-founded PDT, a Chicago-based product development firm. Nick leads business development at PDT and helps clients identify new opportunities for innovation. Mark and Nick were perfect guests to follow up my Thematic Investing Series, diving deeper into common buzzwords like “innovation” or “disruption” and the confusion I see around them lately. Each day, Mark and Nick help companies navigate the complex process from concept to commercialization. They give us a look under the hood of innovation, help us understand what these buzzwords mean, and how innovation actually happens. Mark and Nick will talk about R&D and why it's important for businesses to spend money or risk falling behind competitors. We also discuss emerging technologies such as LiFi, an alternative to WiFi, to securely transmit data at ultra-fast speeds using the light spectrum. Enjoy! --- For more information: - Ryan Hitchcock: www.rhitch.com - PDT, an Astronics Company: www.pdt.com - Nick Cucci: www.cucci.xyz - Mark Schwartz: https://www.markschwartz.rocks Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Thematic Investing Series -- FINALE! SPECIAL GUESTS my Dad, Mike Hitchcock, & brother, Brett Hitchcock! Mike is President of Montana Broom & Brush Co, and Brett is the Regional Sales Manager for Jon-Don. One might not normally lump the JanSan industry into today's view of “thematic investing” as it's usually not first to mind when buzzwords like “innovation” or “disruption” come up. However, that's exactly why I wanted to do this episode because the professional cleaning industry supplies all sectors of the economy and my Dad and brother have a wealth of knowledge in this industry. In this episode, they share their experiences being in this industry at the peak of the pandemic, as their industry became heavily relied upon at that time. They then discuss how those experiences have reshaped the JanSan industry today and where they see it going in the future because of it. We also touched on the toilet paper shortage of 2020, the move to “green,” the Amazon effect, and even some cool innovation going on in the industry, just to name a few. https://www.mtbroom.com/catalog/ www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Thematic Investing Series -- going beyond the buzzwords of the media with my guest, Brian Meidam, Founder & Owner of Plan B Homebuyers. Plan B Homebuyers buys houses with cash to provide people an option for a fast homebuying process. They also do direct seller marketing and direct lending for real estate investors. Brian has a wealth of knowledge in all areas of the real estate industry, so in this episode nothing was off the table for conversation. He gave us his view on the current state of the real estate market, where he sees it going in the future, and if he thinks we are in a bubble or not. We also touched on the rental/multi-family market, the BRRR strategy, the eviction- memorandum, interest rate effects, and the exodus from urban areas to suburbs, just to name a few. https://www.planbhomebuyers.com/ www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Thematic Investing Series -- going beyond the buzzwords of the media with my guest, Tommy Ludan, Founder & Owner of Carcade, Inc. a mobile gaming and entertainment company. In this episode, Tommy helps us understand that the gaming industry is not just for the younger generation playing alone in their homes anymore. Rather it is one of cross generational adoption with a great sense of community and social interaction at its core. With the recent popularity of streaming gaming platforms, Tommy also helps us understand where the industry as a whole can possibly go in the future. Finally, he breaks down the huge business of competitive gaming with the sponsorship, marketing dollars, and viewership that follows it. https://carcadegames.com/ www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Thematic Investing Series -- going beyond the buzzwords of the media with my guest, Roy Dietsch. Roy is the Founder and Owner of PartsBadger a local Milwaukee online CNC machine shop that was listed in Inc.'s Magazine as the 525th fastest growing private companies in the country in 2021. In this episode, Roy helps us understand the current state of the Automation & Robotics industry by sharing how he used those concepts to his advantage to upend the traditional process of machining parts. Getting parts quoted for manufacturing used to take weeks alone, but now is instantaneous at PartsBadger all thanks to automation. The efficiency of robotics in the manufacturing industry is not new, but Roy discusses how the introduction of automation and robotics together is changing the machining industry from not only efficient but responsive as well. We also discuss his outlook on the future of the industry as a whole, what collaborative robotics is, capacity aggregation, and Industry 4.0 https://parts-badger.com/ www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Thematic Investing Series -- going beyond the buzzwords of the media with my guest, Josh Delaney, Founder of FAB CBD one of the most recognized and leading CBD e-commerce retailers in the world. In this episode, we really dig deep into Josh's experiences in the very interesting CBD industry. Being a serial entrepreneur, he shares some great insights on the history of the industry and where he sees it going in the future. We discussed the characteristics of the expanding end-user of CBD products, the big role government plays, some of the disconnects of the CBD vs. Cannabis industry as a whole, and how that plays out in the public equity markets. We also had to touch on his impressive $20.6 Million sale for 80% of the business to High Tide Inc., and what that means for him and the company moving forward. High Tide Inc., is a Canadian based company that holds a portfolio of Cannabis and CBD based businesses and is traded on the Nasdaq. www.FABCBD.com www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Thematic Investing Series -- going beyond the buzzwords of the media with my guest, Nico Bartolomeo, Senior Technical Consultant, Cloud Security for Kalypso (A Rockwell Automation Company). In this episode, Nico helps us understand what's really going on in the Cybersecurity industry from his experiences. He discusses where he sees the industry going in the future for both corporations and individuals, recent attacks such as Colonial Pipeline & CNA Financial, cyber threats we should all be aware of, government's role, and so much more. Please visit www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
If you hear “Thematic Investing” these days it's usually followed up by other terms like “innovation, disruption, next-gen, etc, etc”. Is that all Thematic investing is or is there more to the story? Media talks about it all day, some good talking points some bad; but why? Does this concept have a place in investment portfolios or is it just a buzzword of this point in time? I set out to answer just that and give my take on this trend and how I think the everyday person should view Thematic Investing. In the Thematic Investing Series to follow, I take a deeper dive into certain industries I like and think have potential to grow in the future. I wanted to go beyond the media headlines in the thematic investing world and learn what's going on in these industries by actually talking with experts in that field, experts who are living and breathing in that industry every day. And that's exactly what I did. Please visit www.rhitch.com/resources Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
This episode will be a continuation from my previous episode on the S&P 500 Index. Here I'm going to talk about the Dow 30 Index and how I also see a lot of misunderstanding about this index or just plain wrong understanding of it. I'll talk about how it actually works and throw in a little history about it as well. Then I really get into how the Dow 30 has become the headline of most news outlets as the barometer of the market, and I'll argue that there's a huge disconnect between this and the everyday investor...and that you should really not even give two licks about the Dow 30 when it comes to your personal investing. Please visit www.rhitch.com/resources for more information and PDF's mentioned in this episode. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
I am quite passionate about this topic as it starts to get to the root of my overall investment philosophy. When you go about building an investment portfolio there are basically two conflicting concepts of how to do that “indexing vs active management” and I'm here to say that S&P 500 index funds are NOT diversified like most people think because of how the index is actually calculated. In this episode we'll talk how that is, what a market capitalization weighted index really means, and how to use that knowledge in your own investing. Please visit www.rhitch.com/resources for more information and PDF's mentioned in this episode. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In this episode I want to take a step back to the basics of investing and remember why we invest. A lot of times I see people get hung up on trying to figure out the best stock, the best ETF, the best mutual fund or the best investment strategy...you name it...which are all important but I see people fail to really grasp what you actually are doing when you invest and why you do it? And the answer to that is, you are really trying to take advantage of compound interest, yes, the magical world of compound interest. I think reviewing the Rule of 72, and some other important investment rules of thumb you should know will help you see the power of compound interest and at the same time help you sound smarter in investment conversations after knowing these rules. Rule of 72: Time for investment to double = 72 / %age Rate of Return Rule of 114: Time for investment to triple = 114/ %age Rate of Return Rule of 144: Time for investment to double = 144 / %age Rate of Return Rule of 1.5: For a stream of investments (we'll assume annual investments) where the number of years times the interest equals 72 the ending value will equal approximately 1.5 times the amount invested. Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
The Mega Backdoor Roth is a special type of 401(k) saving strategy used by people with higher incomes to get nearly triple the amount of funds into their 401(k), while converting a good portion of them to Roth right away. This little-known strategy works under very particular circumstances for people with plenty of extra money they would like to stash in Roth. Show Notes: Jane is 45 years old, makes 150,000 a year in income. Single filer for taxes which puts her over the Roth IRA contribution limit Company 401(k) match of 50% of first 10% contribution She does: $19,500 salary deferral pretax into her 401k $7,500 company match $27,000 total contributions She could then contribute up to $31,000 (58,000 -27,000) into the after-tax source of the 401(k) before hitting the overall cap. Then she can convert those after-tax dollars to the Roth inside her 401(k) or outside to a Roth IRA if plan allows without penalty. Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
It's no secret that the Roth IRA is my favorite account for retirement planning. The ability to have tax-free growth over a long period of time coupled with tax free withdrawals in retirement is a thing of beauty. Not to mention the other numerous benefit's it has. However, for all those benefits of the Roth IRA there is a catch, if you make too much money the IRS says you cannot contribute to one. That is unless you know how to get in through the backdoor. A backdoor Roth IRA allows you to contribute to a Roth IRA even if your income exceeds the IRS-approved amount for such contributions. In this episode, I'll talk about what this concept is and if it might be right for you. 2021: Roth IRA Contribution Income Limits Traditional IRA Deductibility Income Limits Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
The big question this year in 2021, is "should I sell my winners? " 2020 was a crazy year in the markets and some stocks saw some out of this world gains. Some are up double, triple, or even more than that. Therefore, if you have some of these winners I don't have to tell you that thoughts start to creep into your mind like, "can it keep going up?" "Is it going to go down now?" "Should I hold?" Should I Sell?" Etc, etc. Unfortunately, the answer to “should you sell” is a “it depends” … I know it's not a satisfying answer, but in this episode I want to share my own personal 3 rules of thumbs to selling winners to hopefully help you answer this question. Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
This episode was recorded after one of the most bizarre weeks in the investment world I have ever seen. Unless you were living under a rock, We all just witnessed the meteoric rise of Game Stop stock and a few others such as AMC, Black Berry, Nokia, and even a local company in Milwaukee here where I live, named Koss Corp…This rise was different in that a reddit page called WallStreetBets was the online community where individual investors combined their buying power together, like we've never seen before, into Game Stop stock with the goal to increase its stock price, and in turn sticking-it to the big hedge funds with short positions…creating what might be one of the biggest “short squeeze's” the market has ever see.. Wow what a ride it was…I was on the edge of my seat all week, literally….so let's break it down a little bit. Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In this episode I give you some more info about Financial Breakaway and what that really means to me. In my process of helping clients I spend extra time with them so they can reach their “breakaway moment.” In ice hockey there is a moment in which a player with the puck has no defending players, except for the goaltender, between themselves and the opposing goal, leaving them free to skate in and shoot at will. This is the highest percentage chance of scoring a goal in the game. And that's the feeling I want my clients to have in their financial life…free from the confusion of the financial world, a clear path to their goals, and the tools necessary to achieve them. Their own “Financial Breakaway.” Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Your credit score affects your ability to get a loan, a job, housing, insurance, and more. But not a lot of us know what actually goes into your score and what can help increase it. In this episode I talk about the factors that affect your credit score and some tricks that can help you boost it. Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
The Health Savings Account (HSA) is a very flexible and important tool that can be utilized in one's financial plan for not only health care expenses, but for taxes and long-term financial planning too. Please visit www.rhitch.com/resources for more information on HSA's. Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Dividends can be a great piece to an investment portfolio as they can add a layer of diversification. They can allow an investor to receive income or add more shares through reinvestment. However, just because a company issues a dividend doesn't mean that they are a good investment. As I explain in this episode, the simple process of issuing a dividend can & often does affect the stock price. So know what you are investing in and why is always a good idea. Please visit www.rhitch.com/resources for more information. Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
The SECURE Act, or “Setting Every Community Up for Retirement Enhancement Act,” offers several major adjustments to how we save, prepare for and enjoy retirement. Overall, this legislation will have substantive repercussions for individuals planning for their financial futures. Please visit www.rhitch.com for more information. Sources: https://www.congress.gov/bill/116th-congress/house-bill/1994 https://www.kitces.com/blog/secure-act-2019-stretch-ira-rmd-effective-date-mep-auto-enrollment/ Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
In response to the COVID-19 global pandemic, the US Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to help ease the damaging effects it has had on the economy. The President signed it into law March 27th, 2020. Here are the five items of the bill I see most important to the everyday person and my clients: 1) Recovery rebates directly to individuals 2) Coronoavirus related distributions from IRA's and retirement plans 3) Required Minimum Distributions waived for 2020 4) Student loans deferred 5) Bumped up Unemployment Compensation To download a summary PDF of this information visit: https://turowskihitchcock.com/resources Source: Coronavirus Aid, Relief, and Economic Security Act https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf Ryan Hitchcock Financial Planner Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results. Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
Real-world conversations about personal financial topics. Inspired by the fact that financial planning, investing, insurance, retirement, buying a house, having a child, work benefits, or any other situation that involves your money are all scary topics. This podcast aims to demystify those topics.
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